Tech Slide Weighs on Wall Street While SpaceX Tops Amazon in Market Cap
TL;DR Summary
US stocks closed mixed as tech declines weighed on the S&P 500 and Nasdaq, while the Dow posted a fresh closing high; crude oil slid on Iran peace-deal optimism. SpaceX briefly overtook Amazon in market cap as investors eyed a first Fed meeting under new Chair Kevin Warsh, with policymakers likely to hold rates steady but signal a hawkish dot plot amid solid labor data and inflation. Energy and geopolitical headlines, plus housing starts and import prices data, also shaped trading today.
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- SpaceX set to leapfrog Amazon to become world’s fifth-largest company Financial Times
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